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    Asia Pacific Aluminum Market

    ID: MRFR/CnM/16269-HCR
    128 Pages
    Anshula Mandaokar
    September 2025

    Asia Pacific Aluminum Market Research Report Information By Type (Secondary/Recycled Aluminum and Primary Aluminum), By Product (Flat Rolled, Pigment & Powder, Forgings, Extrusions, Castings, Rod & Bar and Others), By Application (Building & Construction, Consumer Goods, Electrical, Foil & Packaging, Hardware & Accessories, Machinery & Equipment, Solar Industry, Transportation, Utensils and Others) – and Asia Pacific Market Forecast Till 2032

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    Asia Pacific Aluminum Market Infographic
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    Asia Pacific Aluminum Market Summary

    As per Market Research Future Analysis, the Asia Pacific Aluminum Market was valued at USD 70.5 Billion in 2022 and is projected to grow from USD 76.1 Billion in 2023 to USD 138.8 Billion by 2032, with a CAGR of 7.80% during the forecast period. Key drivers include a focus on sustainability, advancements in aluminum processing technologies, and rising demand from the construction and packaging sectors. The secondary/recycled aluminum segment led the market in 2022, while extrusions dominated product types. The building and construction application generated the most revenue, driven by rapid urbanization and infrastructure development in countries like India and China.

    Key Market Trends & Highlights

    The Asia Pacific Aluminum Market is witnessing significant growth driven by various factors.

    • Market Size in 2022: USD 70.5 Billion.
    • Projected Market Size by 2032: USD 138.8 Billion.
    • CAGR from 2023 to 2032: 7.80%.
    • India's real estate sector expected to reach USD 1 trillion by 2030.

    Market Size & Forecast

    2022 Market Size USD 70.5 Billion
    2023 Market Size USD 76.1 Billion
    2032 Market Size USD 138.8 Billion

    Major Players

    Key players include Alcoa Corporation, Vedanta Ltd., Norsk Hydro ASA, and China Hongqiao Group.

    Asia Pacific Aluminum Market Trends

    Rising Building Sector in Asia-Pacific to Accelerate Market Growth

    India and the ASEAN region's construction industries are among the fastest-growing, and it is projected that they will hold a sizable portion of the global construction market. Building activity has grown significantly in the Asia-Pacific region, which includes Indonesia, Singapore, Thailand, Vietnam, the Philippines, and India. By 2030, the real estate sector in India is expected to grow to a GDP of USD 1 trillion, or roughly 13% of the total.

    Additionally, between April 2000 and June 2020, the construction development and infrastructure activities sectors received foreign direct investment (FDI) of USD 25.69 billion and USD 16.97 billion, respectively, according to the Department for Promotion of Industry and Internal Trade (DPIIT). In the initial phase of its 300,000-unit housing project, which was finished by 2018, the South Korean government had stated plans to build 35,000 housing units. The region's demand for aluminum from the construction industry is expected to rise over the course of the projection period due to the previously mentioned factors.

    Moreover, since aluminum is non-toxic, it preserves food for extended periods of time and prevents the spread of microbes. These factors are the main drivers of the aluminum market's growth, particularly from the food and packaging and pharmaceutical industries. In the manufacturing industry, packaging is one of the most crucial considerations for ensuring that their products are aesthetically pleasing to customers. Manufacturing, food processing, and industrial production facilities are growing quickly, which is driving up the worldwide packaging market. In addition, the e-retail sector and the food and beverage industry's demand have resulted in a large rise in packaging requirements.

    The need for aluminum is also being fueled by the expansion of retail pharmacies in emerging nations and the pharmaceutical industry's rising emphasis on product differentiation and brand promotion. Furthermore, the demand for medicines is rising as a result of different governments' emphasis on bolstering healthcare infrastructure and insurance coverage, which is itself driving market expansion. Thus, driving the aluminum market revenue.

    In February 2024, Vedanta Aluminium, the biggest aluminium manufacturer in India, introduces Vedanta Metal Bazaar, a groundbreaking online store for primary aluminium. This platform aims to revolutionize the purchasing and selling process of aluminium in India. During its inception, the superstore provides more than 750 different product variations, which include a wide range of items from Vedanta Aluminium. Additionally, it incorporates AI-driven price determination, providing clients with unparalleled value even when confronted with volatile commodity prices. Vedanta Aluminium has introduced Vedanta Metal Bazaar, an innovative e-commerce platform aimed at improving the customer experience and making it easier to conduct business.

    This platform has the potential to transform the way customers purchase aluminium. This solution guarantees to streamline the entire procurement process, allowing buyers to concentrate on their business expansion instead of spending time on transactional follow-ups and monitoring the uncertainties of commodity pricing and order fulfillment. Vedanta Metal Bazaar provides buyers with timely delivery, AI-driven pricing discovery, and complete visibility of their purchase process, from placing the order to receiving the delivery. This enables the implementation of a strong and reliable production planning system, while also releasing their cash for other important expenditures.

    Additionally, it empowers customers to make well-informed buying selections by considering their order history, dynamic market situations, and comparative prices with only a few simple clicks.

    Market Segment Insights

    Aluminum Type Insights

    The Asia Pacific Aluminum market segmentation, based on type includes Secondary/Recycled Aluminum and Primary Aluminum. The secondary/recycled aluminum category led the market in 2022. It is a real closed-loop process that turns scrap aluminum into new aluminum. There have been favorable environmental and economic effects on consumers as well as various businesses from the increased use of recycled aluminum in production and manufacturing. Additionally, the fabrication of secondary aluminum uses only 5% of the energy needed to produce primary aluminum, reducing greenhouse gas emissions and landfill trash.

    Figure 1: Asia Pacific Aluminum Market, by Type, 2022 & 2032 (USD Billion)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Aluminum Product Insights

    The Asia Pacific Aluminum market segmentation, based on product includes Flat Rolled, Pigment & Powder, Forgings, Extrusions, Castings, Rod & Bar and Others. The extrusions category led the market in 2022. There are countless uses for extrusion in the fields of architecture, automotive, electronics, aerospace, and energy. The major market for extruded aluminum is building and construction. It is present in aluminum panels, stairways, railings, and framing elements. They are gradually taking the place of conventional iron, concrete, and wood building materials.

    Aluminum Resin Application Insights

    The Asia Pacific Aluminum market segmentation, based on resin application, includes Building & Construction, Consumer Goods, Electrical, Foil & Packaging, Hardware & Accessories, Machinery & Equipment, Solar Industry, Transportation, Utensils and Others. The building & construction category generated the most income. The building and construction industries are expanding favorably as a result of rapid urbanization and the expansion of the service sector. Aluminum production costs were lowered by over 80% through the use of the electrolysis method, which boosted the use of aluminum in the building sector.

    Because aluminum can withstand temperatures between –80 °C and +300 °C, its minimum design service life is typically around 80 years. As a result, aluminum is predicted to become more popular in the building industry.

    Aluminum Country Insights

    During the projection period, the Asia-Pacific region is anticipated to hold the greatest market share for aluminum. The building and construction, electronics, aerospace, and other industries are expanding in nations like China, India, and Japan. The world's largest car manufacturing sector is found in China. The China Association of Automobile Manufacturers reports that the nation manufactured 27.02 million automobiles in 2022, up almost 3.4% from 26.08 million in 2021.

    Figure 2: ASIA PACIFIC ALUMINUM MARKET SHARE BY REGION 2022 (USD Billion)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Get more detailed insights about Asia Pacific Aluminum Market Research Report—Forecast till 2032

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development in order to expand their product lines, which will help the aluminum market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, aluminum industry must offer cost-effective items.

    Major players in the aluminum market are attempting to increase market demand by investing in research and development operations includes Alcoa Corporation (U.S.), Aluminum Bahrain (Bahrain), Century Aluminum Company (U.S.), Aluminum Corporation of China (China), Norsk Hydro ASA (Norway), Rio Tinto Alcan Inc. (Canada), China Hongqiao Group (China), Emirates Asia Pacific Aluminum PJSC (UAE), Hindalco Industries Limited (India), Rio Tinto Australia (Australia), BHP Billiton Aluminum Australia Pty Ltd. (Australia), RUSAL (Russia), and Vedanta Ltd. (India).

    Key Companies in the Asia Pacific Aluminum Market market include

    Industry Developments

    July 2023: Three of the immune-boosting lemonades from GUNNA Drinks, a soda brand that advocates against plastic use, come in a range of aluminum bottles. This action aims to address the rising demand for functional food and drink items while reducing the amount of plastic waste generated.

    December 2021: An agreement was signed by Hindalco Industries Limited to purchase the Indian operations of Norsk Hydro ASA's Al extrusions division. Hindalco will benefit from this acquisition by gaining an integrated plant in Andhra Pradesh, a skilled workforce, and knowledge of value-added, bespoke products. Additionally, this action will increase the company's presence in South India.

    In July 2024, ATK, a Chinese peripheral manufacturer, introduced a new mechanical keyboard called the ATK Z87 Pro. This keyboard offers a range of features that appeal to consumers who are mindful of their budget as well as those who prioritize performance. The Z87 Pro features a tiny 87-key layout, eliminating the numeric keypad to create a space-efficient design that is popular among both gamers and minimalists. The keyboard features a stylish semi-aluminum casing with a CNC anodized metal top cover, providing a combination of sturdiness and high-quality visual appeal.

    The keyboard is equipped with integrated PVD ornamental light strips that illuminate in conjunction with the keyboard's backlighting. The Z87 Pro provides users with a selection of two switch options: Kailh Blueberry Ice Cream switches and Aniya switches. Both switches are linear in nature and are renowned for their seamless keypress and emphasis on rapidity. The keyboard offers many keycap profile choices, such as MDA and OEM profile, with high-quality PBT keycaps, guaranteeing a pleasant typing experience.

    The Z87 Pro features a Gasket structure that use silicone pads to separate the plate from the keyboard's base, reducing typing noise and providing a more pleasant keystroke sensation. This function is commonly seen on keyboards of higher quality and enhances the overall typing experience, giving it a more luxurious feel.

    Market Segmentation

    Aluminum Type Outlook

    • Secondary/Recycled Aluminum
    • Primary Aluminum

    Aluminum Product Outlook

    • Flat Rolled
    • Pigment & Powder
    • Forgings
    • Extrusions
    • Castings
    • Rod & Bar
    • Others

    Aluminum Regional Outlook

    Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Thailand
    • Vietnam
    • Malaysia
    • Singapore
    • Rest of Asia-Pacific

    Aluminum Application Outlook

    • Building & Construction
    • Consumer Goods
    • Electrical
    • Foil & Packaging
    • Hardware & Accessories
    • Machinery & Equipment
    • Solar Industry
    • Transportation
    • Utensils
    • Others

    Report Scope

    Report Attribute/Metric Details
    Market Size 2022 USD 70.5 Billion
    Market Size 2023 USD 76.1 Billion
    Market Size 2032 USD 138.8 Billion
    Compound Annual Growth Rate (CAGR) 7.80% (2023-2032)
    Base Year 2022
    Market Forecast Period 2023-2032
    Historical Data 2018- 2022
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Product, Application, and Region
    Region Covered Asia Pacific
    Countries Covered China, Japan, India, Australia, South Korea, Indonesia, Thailand, Vietnam, Malaysia, Singapore, and Rest of Asia-Pacific
    Key Companies Profiled Alcoa Corporation (U.S.), Aluminum Bahrain (Bahrain), Century Aluminum Company (U.S.), Aluminum Corporation of China (China), Norsk Hydro ASA (Norway), Rio Tinto Alcan Inc. (Canada), China Hongqiao Group (China), Emirates Asia Pacific Aluminum PJSC (UAE), Hindalco Industries Limited (India), Rio Tinto Australia (Australia), BHP Billiton Aluminum Australia Pty Ltd. (Australia), RUSAL (Russia), and Vedanta Ltd. (India)
    Key Market Opportunities ·       Rising Aluminum Consumption in Evs ·       Growing Aluminum Demand from the Pharmaceutical and Food & Packaging Sectors
    Key Market Dynamics ·       Asia-Pacific's Building Industry is Booming ·       Growing Use of Aluminum in the Electronics Sector

    Market Highlights

    Author
    Anshula Mandaokar
    Team Lead - Research

    Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

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    FAQs

    How much is the aluminum market?

    The Asia Pacific Aluminum market size was valued at USD 70.5 Billion in 2022.

    What is the growth rate of the aluminum market?

    The market is projected to grow at a CAGR of 7.80% during the forecast period, 2023-2032.

    Who are the key players in the aluminum market?

    The key players in the market are Alcoa Corporation (U.S.), Aluminum Bahrain (Bahrain), Century Aluminum Company (U.S.), Aluminum Corporation of China (China), Norsk Hydro ASA (Norway), Rio Tinto Alcan Inc. (Canada), China Hongqiao Group (China), Emirates Asia Pacific Aluminum PJSC (UAE), Hindalco Industries Limited (India), Rio Tinto Australia (Australia), BHP Billiton Aluminum Australia Pty Ltd. (Australia), RUSAL (Russia), and Vedanta Ltd. (India).

    Which type led the aluminum market?

    The secondary/recycled aluminum category dominated the market in 2022.

    Which product had the largest market share in the aluminum market?

    The extrusions category had the largest share in the market.

    Asia Pacific Aluminum Market Research Report—Forecast till 2032 Infographic
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